It is reported that the prices of China's CRC and hot-dip galvanizing dropped following the hike of export tax rebate that effected since April 1st.
At the moment, the products have started to return to European market. A trader in the region said, "We are seeing more Chinese offers now, but the products are still in low competitiveness as they can only be delivered after a month and the price is still higher than that of the local resources."
It is said that in local markets, the price of HRC is now posted at EUR 400 per tonne while that of China's CRC delivery in June and July posts at EUR 410 per tonne to EUR 420 per tonne, CFR and that of galvanizing records at EUR 460 per tonne to EUR 475 per tonne CFR.